Common use of City Policies Clause in Contracts

City Policies. Buyer certifies that it as individual or member of a corporation or partnership is not now and will not be at Closing in violation of the following City Policies: i. Delinquent real estate or personal property taxes due the City. ii. Building or health code violations that are not being actively abated. iii. Convicted of violating an order of the Department of Neighborhood Services or Health Department within 12 months preceding Closing. iv. Convicted of a felony crime that affects property or neighborhood stability or safety. v. Outstanding judgment to the City vi. In Rem foreclosure by the City within five years preceding Closing. If Buyer is found to violate any of these City Policies, the City shall give Buyer notice to correct this condition by the expiration of the Base Period or Extended Period or other such period as determined by the Commissioner of DCD. If the violation is not corrected within the specified period, this Agreement for Sale may be canceled at the option of the City and the Xxxxxxx Money and renewal fees, if any, shall be retained by the City as liquidated damages.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

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City Policies. Buyer Xxxxx certifies that it as individual or member of a corporation or partnership is not now and will not be at Closing closing in violation of the following City Policies: i. Delinquent real estate or personal property taxes due the City. ii. Building or health code violations that are not being actively abated. iii. Convicted of violating an order of the Department of Neighborhood Services DNS or Health Department within 12 months preceding Closing. iv. Convicted of a felony crime that affects property or neighborhood stability or safety. v. Outstanding judgment to the City. vi. In Rem foreclosure by the City within five years preceding Closing. If Buyer is found to violate any of these City Policies, the City shall give Buyer notice to correct this condition by the expiration of the Base Period or Extended Period option period as extended or other such period as determined by the Commissioner of DCD. If the violation is not corrected within the specified period, this Agreement for Sale may be canceled at the option of the City and the Xxxxxxx Money all option and renewal fees, if any, fees and the Performance Deposit shall be retained by the City as liquidated damages.

Appears in 1 contract

Samples: Sale and Rehabilitation Agreement

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City Policies. Buyer Xxxxx certifies that it as individual or member of a corporation or partnership is not now and will not be at Closing in violation of the following City Policies: i. 1. Delinquent real estate or personal property taxes due the City. ii2. Building or health code violations that are not being actively abated. iii3. Convicted of violating an order of the Department of Neighborhood Services or Health Department within 12 months preceding Closing. iv4. Convicted of a felony crime that affects property or neighborhood stability or safety. v. 5. Outstanding judgment to the City vi6. In Rem foreclosure by the City within five years preceding Closing. If Buyer Xxxxx is found to violate any of these City Policies, the City Seller shall give Buyer notice to correct this condition by the expiration of the Base Period or Extended Period option period as extended or other such period as determined by the Commissioner of DCD. If the violation is not corrected within the specified period, this Agreement for Sale may be canceled at the option of the City Seller and all option and renewal fees and the Xxxxxxx Money and renewal fees, if any, Performance Deposit shall be retained by the City Seller as liquidated damages.

Appears in 1 contract

Samples: Purchase Agreement

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